ACTIVE

HOTREC, Hotels, Restaurants & Cafés in Europe

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Financial year 2025 · Closed on 31/12/2025

Net result44,4 k €-43,7 %over 1 year

Revenue1,3 M €

Equity1,4 M €+3,2 %over 1 year

Workforce6,7 ETP+1,5 %over 1 year

Identity

Source · BCE/KBO

HOTREC, Hotels, Restaurants & Cafés in Europe is a International non-profit organization incorporated in 1993. Its main activity is: Libraries, archives, museums and other cultural activities. Its registered office is in Bruxelles. It employs on average 6,7 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0451.258.945
Incorporation: 04/11/1993
Legal form: International non-profit organization
Registered office: Square de Meeûs 23
1000 Bruxelles · BruxellesSee on map
Latest accounts: 31/12/2025
Average workforce: 6,7 ETP

Activities (NACE)

91110Libraries, archives, museums and other cultural activities· main 94110Activities of business and employers membership organisations 94110Activities of business and employers membership organisations

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 11 filings

Trend over 11 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	1,3 M €		–		–		–		–
EBITDA	61,4 k €	-33.8%	92,8 k €	-32.1%	136,7 k €	+1768%	7,3 k €	+217%	-6,2 k €
Operating result	33,9 k €	-45.5%	62,2 k €	-40.3%	104,3 k €	+429%	-31,7 k €	-24.5%	-25,5 k €
Net result	44,4 k €	-43.7%	78,8 k €	-30.6%	113,6 k €	+449%	-32,6 k €	-26.2%	-25,8 k €
Balance sheet
Equity	1,4 M €	+3.2%	1,4 M €	+6.0%	1,3 M €	+9.4%	1,2 M €	-2.6%	1,2 M €
Total assets	1,7 M €	+6.6%	1,6 M €	+8.0%	1,4 M €	+9.5%	1,3 M €	-5.4%	1,4 M €
Cash	786,9 k €	+1782%	41,8 k €	-95.9%	1 M €	+4015%	24,8 k €	+40.4%	17,7 k €
Debts	194 k €	+47.9%	131,1 k €	+26.2%	103,9 k €	+10.9%	93,7 k €	-12.6%	107,1 k €
Other
Workforce	6,7 ETP	+1.5%	6,6 ETP	0.0%	6,6 ETP	+11.9%	5,9 ETP	+3.5%	5,7 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

11 active · 11 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
ADRIAN CUMMINS	Director01/01/2025 → 31/12/2026Mandateended
ALESSANDRO CAVALIERE	Director01/01/2025 → 31/12/2026
ALEXANDRE ARCHIER	Director01/01/2025 → 31/12/2026
ALEXANDRE VASSILICOS	Chairman of the board of directors01/01/2025 → 31/12/2026
ELISABETH HAGLUND	Director01/01/2025 → 31/12/2026
FEDJA POBEGAJLO	Director01/01/2025 → 31/12/2026
JOHANNES KANT	Director01/01/2025 → 31/12/2026
LUDO GEURDEN	Director01/01/2025 → 31/12/2026
MARIA SCHREINER	Director01/01/2025 → 31/12/2026
MARKUS LUTHE	Director01/01/2025 → 31/12/2026
MORTEN THORVALDSEN	Vice-chairman of the board of directors01/01/2025 → 31/12/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Akos NIKLAI	Vice-chairman of the board of directors
Alexandros Vassilicos	Chairman of the board of directors
Christian de BARRIN	Mandate
Dirk Beljaarts	Director

Other companies at this address

Square de Meeûs 23 1000 Bruxelles

Company	CBE no.
BELGISCH HOGE DEFINTIE TELEVISIE PLATFORM - PLATE-FORME BELGE DE TELEVISION A HAUTE DEFINITION - BELGISCHE PLATTFORM FUR HOCHAUFLOSENDES FERNSEHEN● Active	0448.563.632
COOPELEC● Active	0540.574.961
EPRA INTERNATIONAL● Active	0812.104.487
EUROPEAN PUBLIC REAL ESTATE ASSOCIATION● Active	0811.738.560
EUROTECH UNIVERSITIES ALLIANCE● Active	0553.915.332
Fonds Social Daphicaere dans le Cadre de la Restruction du Secteur de la Laine Peignée● Active	0415.008.560
Hotelstars Union● Active	0766.700.767
INTERCONTINENTAL EXCHANGE BELGIUM● Active	0664.514.138
SCABEL● Active	0655.767.906
Syngenta Crop Protection● Active	0467.556.628
UNITE TVA EPRA● Active	0817.860.646

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	05/06/2026	21/05/2025	23/05/2024	20/06/2023	25/07/2022	17/09/2021
General meeting	22/04/2026	29/04/2025	26/04/2024	28/04/2023	29/04/2022	01/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 11 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	22/04/2026	05/06/2026	French	PDF
Abridged model	31/12/2024	29/04/2025	21/05/2025	French	PDF
Abridged model	31/12/2023	26/04/2024	23/05/2024	French	PDF
Abridged model	31/12/2022	28/04/2023	20/06/2023	French	PDF
Abridged model	31/12/2021	29/04/2022	25/07/2022	French	PDF
Abridged model	31/12/2020	01/06/2021	17/09/2021	French	PDF
Abridged model	31/12/2019	30/04/2020	25/08/2020	French	PDF
Abridged model	31/12/2018	16/05/2019	21/05/2019	French	PDF
Abridged model	31/12/2017	26/04/2018	10/05/2018	French	PDF
Abridged model	31/12/2016	28/04/2017	12/06/2017	French	PDF
Abridged model	31/12/2015	28/04/2016	01/06/2016	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

11 active · 11 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
ADRIAN CUMMINS	Director01/01/2025 → 31/12/2026Mandateended
ALESSANDRO CAVALIERE	Director01/01/2025 → 31/12/2026
ALEXANDRE ARCHIER	Director01/01/2025 → 31/12/2026
ALEXANDRE VASSILICOS	Chairman of the board of directors01/01/2025 → 31/12/2026
ELISABETH HAGLUND	Director01/01/2025 → 31/12/2026
FEDJA POBEGAJLO	Director01/01/2025 → 31/12/2026
JOHANNES KANT	Director01/01/2025 → 31/12/2026
LUDO GEURDEN	Director01/01/2025 → 31/12/2026
MARIA SCHREINER	Director01/01/2025 → 31/12/2026
MARKUS LUTHE	Director01/01/2025 → 31/12/2026
MORTEN THORVALDSEN	Vice-chairman of the board of directors01/01/2025 → 31/12/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Akos NIKLAI	Vice-chairman of the board of directors
Alexandros Vassilicos	Chairman of the board of directors
Christian de BARRIN	Mandate
Dirk Beljaarts	Director

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates10/02/2025
DEMISSIONS, NOMINATIONS
PDF
Registered office24/07/2024
SIEGE SOCIAL
PDF
Mandates23/06/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates01/03/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates05/02/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates10/12/2019
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates06/02/2019
DEMISSIONS, NOMINATIONS
PDF
Other30/08/2018
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings11 filings

Mandates

ALEXANDRE VASSILICOS

ALESSANDRO CAVALIERE

ADRIAN CUMMINS

FEDJA POBEGAJLO

ELISABETH HAGLUND

MARKUS LUTHE

LUDO GEURDEN

JOHANNES KANT

MORTEN THORVALDSEN

MARIA SCHREINER

ALEXANDRE ARCHIER

1993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

HOTREC, Hotels, Restaurants & Cafés in Europe

Square de Meeûs 23, 1000 BrusselsRue Dautzenberg 36-38, 1050 Ixelles

Chairman of the board of directors

Director

Vice-chairman of the board of directors

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Square de Meeûs 23, 1000 BrusselsCurrent	accounts 2024 → 2025	Accounts 2025 · 2026-00158050
Rue Dautzenberg 36-38, 1050 Ixelles	accounts 2021 → 2023	Accounts 2023 · 2024-00095464

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
HOTREC, Hotels, Restaurants & Cafés in EuropeCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00158050

Events

2025
Annual accounts 202544,4 k €↓
2024
Annual accounts 202478,8 k €↓
2023
Annual accounts 2023113,6 k €↑
2022
Annual accounts 2022-32,6 k €↓
2021
Annual accounts 2021-25,8 k €↓
2020
Annual accounts 2020514,5 k €↑
2019
Annual accounts 2019-1,8 k €↓
2018
Annual accounts 201854,8 k €↓
2017
Annual accounts 201795 k €↑
2016
Annual accounts 201659,9 k €↑
2015
Annual accounts 2015-80,5 k €
04/11/1993
IncorporationInternational non-profit organization

HOTREC, Hotels, Restaurants & Cafés in Europe

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline

Registered offices

Company names

Events